Supply and Demand

What is supply?

• How many people want to buy something.

• The amount of goods and services there are to buy.

• a producer

• a consumer

What is demand?

• How many people want to buy a good or service

• The amount of goods and services there are to buy.

• a producer

• a consumer

Check the 2 goods that are in high demand today.

• 
• 
• 
• 

A lot of people want to buy the brand new iPhone. Will the price go up or down?

• Prices will go up $$$

• Prices will go down $

Walmart has a lot of Valentine's Day candy left over in March. Will the price of the candy go up or down?

• The price will go up. $$$

• The price will go down. $